ABU DHABI: IPIC to invest in US$3billion refiner in Fujairah

(EnergyAsia, April 28 2011, Thursday) — Abu Dhabi’s state-owned International Petroleum Investment Company (IPIC) said it will proceed with plans to invest US$3 billion in a 200,000 b/d oil refinery in Fujairah. Expected to start up in 2016, the refinery will be linked by pipeline to a new deepwater terminal in Fujairah designed to handle…